Coal demand falling, IEA says

19 Dec 2017   Coal, IEA

Global coal demand is on a clear decline and its share in the power mix is on pace to fall to the lowest level since record-keeping began, the IEA said Monday. The Paris-based International Energy Agency said global coal consumption declined 1.9 percent last year, the second year in a row for a decline. Demand, meanwhile, is down 4.1 percent over the last two years. In their annual report on coal, the IEA said global demand will be more or less even for the next five years, though sectors like natural gas and renewables are picking up. “The energy system is evolving at a rapid pace all around us, with a more diversifying fuel mix, and the cost of […]

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